Stifel Financial Corp trimmed its position in Ford Motor (NYSE:F) by 2.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,600,440 shares of the auto manufacturer’s stock after selling 36,396 shares during the quarter. Stifel Financial Corp’s holdings in Ford Motor were worth $14,684,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Ford Motor by 1.3% in the second quarter. Vanguard Group Inc. now owns 301,331,027 shares of the auto manufacturer’s stock valued at $3,082,617,000 after acquiring an additional 3,946,570 shares during the last quarter. Newport Trust Co boosted its stake in shares of Ford Motor by 0.4% in the third quarter. Newport Trust Co now owns 185,425,924 shares of the auto manufacturer’s stock valued at $1,698,501,000 after purchasing an additional 694,186 shares during the period. State Street Corp boosted its stake in shares of Ford Motor by 0.4% in the third quarter. State Street Corp now owns 178,569,474 shares of the auto manufacturer’s stock valued at $1,635,696,000 after purchasing an additional 768,893 shares during the period. Northern Trust Corp grew its holdings in shares of Ford Motor by 2.8% in the second quarter. Northern Trust Corp now owns 43,617,641 shares of the auto manufacturer’s stock valued at $446,209,000 after purchasing an additional 1,205,035 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Ford Motor by 1.1% in the second quarter. Bank of New York Mellon Corp now owns 32,964,458 shares of the auto manufacturer’s stock valued at $337,227,000 after purchasing an additional 348,271 shares in the last quarter. Hedge funds and other institutional investors own 53.51% of the company’s stock.
F stock opened at $9.06 on Monday. The company has a market cap of $35.92 billion, a price-to-earnings ratio of 6.97, a PEG ratio of 1.01 and a beta of 1.09. The company has a quick ratio of 1.04, a current ratio of 1.17 and a debt-to-equity ratio of 2.81. The business has a fifty day simple moving average of $8.91 and a 200-day simple moving average of $9.43. Ford Motor has a 52 week low of $7.41 and a 52 week high of $10.56.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Tuesday, October 22nd will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 6.62%. The ex-dividend date of this dividend is Monday, October 21st. Ford Motor’s payout ratio is 46.15%.
A number of research firms recently commented on F. Bank of America downgraded shares of Ford Motor to a “buy” rating and set a $13.00 target price on the stock. in a research report on Tuesday, September 10th. ValuEngine cut shares of Ford Motor from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. Credit Suisse Group restated an “outperform” rating on shares of Ford Motor in a research note on Tuesday, November 19th. Buckingham Research decreased their price objective on shares of Ford Motor from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Tuesday, October 1st. Finally, Deutsche Bank lowered Ford Motor from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $12.00 to $11.00 in a report on Thursday, October 24th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $10.69.
In related news, CEO James P. Hackett sold 20,000 shares of Ford Motor stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $9.16, for a total value of $183,200.00. Following the completion of the transaction, the chief executive officer now directly owns 174,575 shares in the company, valued at $1,599,107. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John C. Lechleiter bought 25,000 shares of the firm’s stock in a transaction dated Friday, October 25th. The stock was purchased at an average price of $8.68 per share, with a total value of $217,000.00. Following the transaction, the director now owns 89,700 shares in the company, valued at approximately $778,596. The disclosure for this purchase can be found here. Insiders have sold a total of 105,000 shares of company stock worth $946,550 in the last ninety days. 0.83% of the stock is currently owned by insiders.
Ford Motor Company Profile
Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.
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